Global eSIM Market expected to grow

The Global eSIM Market is estimated to be USD 1.29 Bn in 2021 and is expected to reach USD 3.81 Bn by 2026, growing at a CAGR of 24.21%, Research and Markets published. Global eSIM Market 

Market Dynamics

The factors such as compatibility of M2M with Linux, Android, and other such standardized operating systems, growth in embedded telematics solutions, and increasing use of M2M for security and surveillance in supermarkets, hypermarkets, restaurants, and hotels are boosting the growth of eSIM market.

Furthermore, connected cars, artificial intelligence translators, WiFi devices, smart earphones, smart metering, GPS tracking units, DTU, bike-sharing, advertising players, video surveillance devices, and other Internet of Things (IoT) are getting acceptance will further fuel the growth of the market. However, technical challenges in eSIM such as BSS integration and modification, IoT connectivity activation, and others may hinder the market growth.

Rising adoption in developing countries is expected to generate untapped opportunities for market participants.

The global biopharmaceutical market is segmented further based on Type, Application, Vertical, and Geography.

Most Important Companies

Some of the companies covered in this report are Singtel, Sierra Wireless, Apple, AT&T, Sinch, Etisalat, Idemia, Cisco, Samsung, etc.

By Geography, America is projected to lead the market.

 

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